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Weekly Market Recap: Gold and Dollar Gain, Borsa Istanbul Declines

This week, gold and the U.S. dollar were the standout performers among investment instruments, while Borsa Istanbul closed in negative territory.

The BIST 100 index ended the week down 2.62% at 10,858.52 points, after trading between a low of 10,858.52 and a high of 11,259.32.

By sector, the industrial index lost 4.07% to 14,085.7, the financial index fell 3.09% to 14,352, the technology index dropped 2.68% to 28,313.10, and the services index slipped 0.08% to 10,896.92.

Among BIST 100 constituents, the top gainers were:

  • Gen İlaç ve Sağlık Ürünleri (+12.24%)
  • Eczacıbaşı İlaç, Sınai ve Finansal Yatırımlar (+11.12%)
  • CW Enerji (+11.08%)

The biggest losers of the week were:

  • Destek Finans Faktoring (-31.11%)
  • Enerya Enerji (-15.63%)
  • Sasa Polyester (-15.23%)

The most valuable listed companies were ASELSAN (₺985.4 billion), Garanti BBVA (₺569.9 billion), and Turkish Airlines (₺429.2 billion).

Gold and Currencies Rise

  • The price of 24-carat gold per gram climbed 4.45% to ₺5,203.7.
  • The Republic gold coin rose 3.43% to ₺35,115.

On the currency front:

  • The U.S. dollar gained 0.28% to ₺41.6880.
  • The euro advanced 0.78% to ₺49.0020.
  • The British pound rose 0.9% to ₺56.2040.
  • The Swiss franc increased 0.58% to ₺52.4210.

Source: Bloomberght/ Prepared by: İlayda Gök

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